ICAI Releases Guidelines on CPE Credit for CA Members

The Institute of Chartered Accountants of India (ICAI) has issued new Continuing Professional Education (CPE) Credit Guidelines for Chartered Accountants (CAs) for the year 2024.

The Continuing Professional Education Committee (CPEC), an integral non-standing committee guided by the ICAI Council, plays a crucial role in overseeing CPE activities conducted by Programme Organising Units (POUs) and individual members. The committee operates with a constructive approach, offering comprehensive training programs outlined in an extensive CPE calendar.

Recognizing the significance of maintaining high-quality standards in professional services and competence, ICAI has focused on Continuing Professional Education (CPE) since 2003. The Statement on Continuing Professional Education, 2003, set norms for members undertaking CPE activities, with subsequent amendments leading to its applicability until the enforcement of the CPE Statement, 2023.

Adapting to the evolving business landscape and global practices, the ICAI Council, through the CPE Committee, regularly issues or revises CPE Advisories/Guidelines in accordance with Section 15 of the Chartered Accountants Act, 1949.

Under the powers conferred by the Chartered Accountants (Amendment) Act, 2022, the ICAI Council, during its 426th meeting, introduced the “Statement on Continuing Professional Education, 2023.”

This statement outlines the mechanisms for members to undergo CPE activities and includes provisions for non-compliance with CPE hours’ requirements, applicable from the Calendar Year 2024. Consequences for non-compliance come into effect from January 1, 2025, for issues arising in the Calendar Year 2024.